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to roll out the way the faa has said that it will, people are not going to be able to rebook in all cases. their summer vacation plans are going to be blown. that's a horrible position to put the traveling public in. >> the faa says it's 15,000 air traffic controller have to take off one day every two weeks without pay. this result of the automatic spending cuts congress passed in 2011. the airline industry says the faa's plan maximizes flight delays. >> we believe that the faa has the discretion not to furlough the air traffic controllers. they keep the planes in the air, get them to the ground and keep travelers moving, keep shipping moving and that's critical to our economy. >> congressional republicans charge the administration is structuring these cuts to worsen their impact. in a statement, congressman bill shuster the chairman of the house committee on transportation and freezing rain structure says quote the administration views the sequester as an attempt to score political points rather than address real issues and find real savings in a bloated federal bureaucracy. he points to
in the faa's union, but first we go to jackie deangelis who is out at my favorite airport, laguardia. jackie? >> reporter: good afternoon, tyler. a fair amount of angry passengers whose flights have been delayed is what she meant to say. of course, you know, they are blaming it on sequestration. that has prompted the faa to cut 47,000 jobs and 13,000 of those are air travel controllers. that is in an effort to trim $200 million from the budget. the question, of course, is at what cost is that savings really coming? the concern is that there will be a domino effect here, that delays like this will cause people, especially business men and women to stop traveling, travel less because of the inconvenience. not only having the bottom line of the airlines, but the greater economy. for example, american airlines say it could see a hit of $1.7 million a day as a result of this. now, some suggesting that people may be too quick to point the finger at washington. the faa saying in a statement that 1200 delays yesterday occurred because of the furloughs, but that 1400 more occurred because of bad weat
what those jitters say about the state of the this market coming up. ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole petallides on the floor of the new york stock exchange. sandra smith is in the pits of the consider me. let's begin with nicole. i guess it as hacker flash crash of sorts, nicole. >> that is good way to call it. this is moment, whew, its all done. we made it through. look where market averages are. they are virtually where they were moments before we saw the market move into negative territory. the dow industrials up 130 points, a gain of 1%. like s&p 500, tech-heavy nasdaq best of the bunch. continuing trend we've seen three days
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